Rivers Casino Boosts Pennsylvania Casino Gaming Revenues
The state of Pennsylvania added a brand new casino facility, Rivers Casino in Pittsburgh in August 2009 and the casino facility has helped improve gaming revenue for the state. State casino earnings were up by almost 30% in the month of September. Pennsylvania's nine casino facilities had total revenue of $172.85 million for September 2009.
That figure was up by 29.85 percent from the same month in the previous year. However, even without the figures from the new casino facilities, Pennsylvania still would have seen a revenue improvement of 4.2%. This news comes at a time when other states in the US are still reeling from the effects of the financial crisis.
A lot of states that offer casino gaming have been experiencing dips in their revenue for the summer months and the start of the fall. Casino gaming analyst Steve Schwartz said on October 4th, 2009 that Pennsylvania residents have really shown over the past months that there are prepared to support the state's casino gaming industry especially during difficult times.
Schwartz added that the gaming revenue improvement should only get better with more casino facilities opening in the next few years like the new SugarHouse Casino in Philadelphia. Although anti-gaming groups have tried to keep the owners of SugarHouse from constructing the casino, trucks were brought in this past week and building will begin in the next few weeks.
The revenue figures for the state of Pennsylvania are astonishing considering that Atlantic City casino, which have dominated the northeast market for decade, continue to see their gaming revenues decrease.
10/26/2009 22:57 PM
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